Economics
China’s Moment in the G-20 Sun Overshadowed by What Lies Beneath
- Western governments grappling with growing list of challenges
- China has stabilized economy but faces mounting risks too
Chinese President Xi Jinping.
Photographer: Feng Li/Getty ImagesThis article is for subscribers only.
Chinese President Xi Jinping may feel a bit smug when he hosts global leaders at next month’s Group of 20 summit.
The heralded hard landing of the world’s number two economy hasn’t materialized --instead many Western nations are facing economic and political upheaval. Surging nationalism, terrorism threats, social unrest and Europe’s biggest migration crisis since World War II are shaking governments around the world.